ALABAMA PROPERTY AND CASUALTY EXAM WITH 100% CORRECT ANSWERS

ALABAMA PROPERTY AND CASUALTY EXAM WITH 100% CORRECT ANSWERS

Question : If a company cancels an auto policy mid term,
the refund will be made on
CORRECT ANSWER : b. short rate basis
Question : What is the term used to describe terminating
the insurance relationship at the end of the policy period ?
CORRECT ANSWER : b. nonrenewal
Question : Which is the best example of an indirect loss ?
CORRECT ANSWER : d. loss of use
Question : Which is a two party contract?
CORRECT ANSWER : A. property
Question : Insurance Contracts offset

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